Scarcity of resources forces people to do what?
Goods and services are produced in better quality, quantity, and speed when they focus on producing few items is what?
What is an example of interdependence?
Why do countries trade?
All of the following are advantages of trade EXCEPT:
All of the following are disadvantages of trade EXCEPT:
What are two determinants of price?
Identify the definition of demand.
Which of the following is NOT an example of how property creates incentives?
Identify which of the following is a United States programs that helps redistribute income.
What was created during the Great Depression that was intended to help workers?
What happens when property rights are not clearly defined?
Identify the difference between being an inventor and an entrepreneur.
Which of the following is the definition of entrepreneurial opportunity?
In the documentary on Steve Jobs, which company or invention did he NOT work on or with?
Identify an example of a short-term goal.
What does it mean to be financially responsible?
Why is it important to create and live on a budget?
Haleigh plans on adopting a baby from Uganda after she becomes a doctor. What type of goal is this?
Why is it important to have good credit?
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